Topic 2 - Public Budget

Question 1

What is the public budget

Answer 1

Record of all revenues and expenditures of the public sector

Question 2

Where do revenues come from?

Answer 2

Taxes

Question 3

Where do expebditures come from?

Answer 3

Public spending

Question 4

What happens if the PB is greater than 0?

Answer 4

There is a surplus

Question 5

What happens if the PB is less than 0?

Answer 5

There is a deficit